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Dividend Cuts And Overdue Rent: Previewing REIT Earnings Season

Published Mon, 20 Jul 2020 12:00:00 -0400 on Seeking Alpha

Seeking AlphaREITsDividend Cuts And Overdue Rent: Previewing REIT Earnings SeasonJul. 20, 2020 12:00 PM ET|| Includes: ACC, ADC, AMH, AMH.PD, AMH.PE, AMH.PF, AMH.PG, AMH.PH, AMT, AMZN, APTS, AVB, AWP, BXP, CBL, CBL.PD, CBL.PE, CCI, COLD, CONE, CPT, CUBE, CXW, CZR, DEI, DHC, DHI, DLR, DOC, DRE, DRH, ELS, EPR, EQIX, EQR, ESS, EXR, FB, FCPT, FREL, FRT, FRT.PC, GEO, GLPI, GTY, HR, HST, HTA, ICF, IGR, IIPR, INN, INVH, IRET, IRT, ITB, IYR, KBH, KBWY, KRC, KRG, LAMR, LB1:COM, LEN, LXP, MAA, MAC, MGM, MNR, MPW, NHI, NNN, NVR, O, OHI, OUT, PCH, PEAK, PEB, PEI, PEI.PB, PEI.PC, PEI.PD, PENN, PK, PKB, PLD, PLYM, PSA, QTS, REET, REG, REIT, RESI, REXR, REZ, RFI, RLJ, RNP, ROIC, RPAI, RQI, RWO, RWR, SBAC, SBRA, SCHH, SHO, SKT, SLG, SPG, SPG.PJ, SRC, SRET, SRVR, STAG, STOR, SUI, TCO, TRNO, UMH, USRT, VER, VICI, VNQ, VTR, WE, WELL, WPC, WPG, WPG.PH, WPG.PI, WY, XHB, XLRE, ZMby: Hoya Capital Real EstateHoya Capital Real Estate iREIT on AlphaThe #1 REIT service for investors who strive to SLEEP WELL AT NIGHT Summary"Did the rent get paid? How about the mortgage?" Earnings season kicks off this week with more than 175 REITs and housing industry companies reporting earnings over the next month.
Buckle up! Perhaps foreshadowing a frenetic REIT earnings season, troubled mall REIT CBL & Associates is reportedly preparing to file for Chapter 11, the first REIT bankruptcy since the Financial Crisis.
A bifurcation has developed between "essential" and "non-essential" property sectors, and a "second wave" of economic shutdowns could push some more highly levered REITs over the edge.
REIT earnings should provide pivotal information on rent collection and future dividend plans. 58 of 170 equity REITs have reduced or suspended their dividend since the start of the pandemic.
Aided by trillions of dollars in fiscal stimulus, rent collection has largely been a non-issue for non-retail property sectors, but how long can that last if these stimulus... Read more

Stock name Last trade   P/E Earnings/Share Dividend/Share Dividend yield
CBL & ASSOCIATES PROPERTIES 1.38   0.0 -0.95 0.35 27.34
PENNSYLVANIA REAL ESTATE INVESTMENT TRUST 5.68   0.0 -1.81 0.84 14.58
GEO GROUP 18.35   14.1 1.30 1.92 10.56
CORECIVIC 18.06   12.0 1.51 1.76 9.83
MACERICH 33.33   43.9 0.76 3.00 8.91
TANGER FACTORY OUTLET CENTERS 16.50   21.4 0.77 1.42 8.35
SABRA HEALTHCARE REIT 22.49   204.4 0.11 1.80 8.28
KITE REALTY GROUP TRUST 15.92   0.0 -0.27 1.27 8.07
ALPINE GLOBAL PREMIER PROPERTIES FUND 6.15   0.0 0.00 0.00 7.95
RLJ LODGING TRUST 17.42   22.0 0.79 1.32 7.69
PREFERRED APARTMENT COMMUNITIES 14.60   0.0 -1.61 1.05 7.19
GAMING AND LEISURE PROPERTIES 38.48   24.7 1.56 2.72 7.02
OMEGA HEALTHCARE INVESTORS 41.16   32.4 1.27 2.64 6.57
COHEN & STEERS TOTAL RETURN REALTY FUND 14.98   0.0 0.00 0.00 6.56
COHEN & STEERS REIT 23.56   0.0 0.00 0.00 6.38
COHEN & STEERS QUALITY INCOME REALTY FUND 15.60   0.0 0.00 0.00 6.30
SUMMIT HOTEL PROPERTIES 12.04   13.8 0.87 0.72 6.18
EPR PROPERTIES 77.15   22.8 3.38 4.50 5.84
OUTFRONT MEDIA 27.33   24.4 1.12 1.44 5.59
RETAIL PROPERTIES OF AMERICA 12.00   36.4 0.33 0.66 5.48
PHYSICIANS REALTY TRUST 17.27   61.7 0.28 0.92 5.36
MEDICAL PROPERTIES TRUST 18.94   7.3 2.61 1.04 5.30
INDEPENDENCE REALTY TRUST 14.04   35.1 0.40 0.72 5.25
ALTISOURCE RESIDENTIAL 11.40   0.0 -1.41 0.60 5.24
PEBBLEBROOK HOTEL TRUST 28.65   0.0 -0.41 1.52 5.23
NATIONAL HEALTH INVESTORS 82.87   23.1 3.59 4.20 5.14
LAMAR ADVERTISING 79.74   22.2 3.60 3.84 4.98
DIAMONDROCK HOSPITALITY 9.88   22.0 0.45 0.50 4.95
MONMOUTH REAL ESTATE INVESTMENT 14.31   0.0 -0.03 0.68 4.86
HOST HOTELS & RESORTS 17.08   11.5 1.48 0.80 4.59
HEALTHCARE TRUST OF AMERICA 28.29   27.5 1.03 1.26 4.45
GETTY REALTY 32.62   27.6 1.18 1.40 4.40
RETAIL OPPORTUNITY INVESTMENTS 18.42   46.0 0.40 0.79 4.25
SL GREEN REALTY 82.69   30.0 2.76 3.40 4.12
LEXINGTON REALTY TRUST 10.09   8.4 1.20 0.41 4.10
AMERICAN CAMPUS COMMUNITIES 47.29   78.8 0.60 1.88 4.05
POTLATCH 42.11   32.2 1.31 1.60 4.00
INVESTORS REAL ESTATE 71.99   0.0 0.00 2.80 3.93
NATIONAL RETAIL PROPERTIES 54.39   35.8 1.52 2.06 3.81
REALTY INCOME 74.49   56.9 1.31 2.72 3.69
HEALTHCARE REALTY TRUST 33.37   133.5 0.25 1.20 3.68
CUBESMART 35.29   37.5 0.94 1.28 3.65
REGENCY CENTERS 69.07   40.2 1.72 2.34 3.43
DIGITAL REALTY 126.53   116.1 1.09 4.32 3.38
AGREE REALTY 72.00   40.4 1.78 2.28 3.20
PUBLIC STORAGE 249.58   29.8 8.38 8.00 3.20
EXTRA SPACE STORAGE 117.00   34.7 3.37 3.60 3.11
FEDERAL REALTY INVESTMENT TRUST 135.76   40.4 3.36 4.20 3.00
MID-AMERICA APARTMENT COMMUNITIES 128.66   62.2 2.07 3.84 3.00
CAMDEN PROPERTY TRUST 108.97   66.4 1.64 3.20 2.91
BOSTON PROPERTIES 133.43   39.0 3.42 3.80 2.90
AVALONBAY COMMUNITIES 209.53   31.6 6.62 6.08 2.89
EQUITY RESIDENTIAL 85.36   42.7 2.00 2.27 2.69
DUKE REALTY 32.39   49.8 0.65 0.86 2.66
PROLOGIS 84.04   31.2 2.69 2.12 2.55
CYRUSONE 74.17   0.0 -0.69 2.00 2.53
KILROY REALTY 77.34   28.9 2.68 1.94 2.52
DOUGLAS EMMETT 42.80   61.1 0.70 1.04 2.46
ESSEX PROPERTY TRUST 324.02   52.2 6.21 7.80 2.43
EQUITY LIFESTYLE PROPERTIES 132.21   44.7 2.96 2.45 1.90
AMERICAN TOWER 218.85   66.3 3.30 3.68 1.70
SUNSTONE HOTEL INVESTORS 13.67   14.5 0.94 0.20 1.46
KB HOME 30.35   11.4 2.65 0.36 1.25
DR HORTON 49.77   11.9 4.17 0.60 1.21
LENNAR 54.58   9.4 5.83 0.16 0.30
AMAZON.COM 1843.55   76.5 24.10 0.00 0.00
ISHARES COHEN & STEERS REALTY MAJORS INDEX FUND 118.41   0.0 0.00 0.00 0.00

CBL & ASSOCIATES PROPERTIES - CBL
CBL & ASSOCIATES PROPERTIES - CBL  


Older articles featuring Cbl & Associates Properties (CBL):
Retail REITs: Double-Digit Yields, Secular Shifts And Mean-Reversion
We Need To Talk About Dividend Cuts - They Are A Necessary Evil
REIT Preferreds: Higher-Yield Without Excess Risk
Dividend Cuts And Overdue Rent: REIT Earnings Recap
Our High Yield REIT Portfolio - Optimizing Rebound Potential
Now Is Not The Time To Be A High-Yield REIT Investor
Macerich: Debunking Three Bear Theses, Including Why I Want A Dividend Cut
Introducing This Growing Dividend Portfolio
Washington Prime Is Undervalued Regardless If It Cuts The Dividend
Our 2020 High Yield REIT Portfolio

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